Sotherly Hotels Inc. (NASDAQ:SOHO)’s share price fell 1% during mid-day trading on Thursday . The stock traded as low as $5.99 and last traded at $6.07, with a volume of 89,764 shares trading hands. The stock had previously closed at $6.13.

Several research firms have issued reports on SOHO. Zacks Investment Research lowered Sotherly Hotels from a “hold” rating to a “sell” rating in a research note on Wednesday, May 4th. Janney Montgomery Scott began coverage on Sotherly Hotels in a research note on Monday, May 23rd. They issued a “buy” rating on the stock.

The firm has a market cap of $90.74 million and a price-to-earnings ratio of 15.6845. The firm has a 50 day moving average price of $5.39 and a 200 day moving average price of $5.36.

Sotherly Hotels (NASDAQ:SOHO) last announced its earnings results on Tuesday, May 10th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.25 by $0.02. Equities research analysts forecast that Sotherly Hotels Inc. will post $1.14 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, July 11th. Shareholders of record on Wednesday, June 15th were paid a $0.09 dividend. The ex-dividend date of this dividend was Monday, June 13th. This represents a $0.36 annualized dividend and a dividend yield of 5.93%. This is an increase from Sotherly Hotels’s previous quarterly dividend of $0.09.

An institutional investor recently raised its position in Sotherly Hotels stock. LSV Asset Management increased its stake in shares of Sotherly Hotels Inc. (NASDAQ:SOHO) by 1.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 198,840 shares of the real estate investment trust’s stock after buying an additional 1,900 shares during the period. LSV Asset Management owned 1.37% of Sotherly Hotels worth $1,224,000 at the end of the most recent quarter.

Sotherly Hotels Inc is a self-managed and self-administered lodging real estate investment trust. The Company is focused on the acquisition, renovation, upbranding and repositioning of upscale to upper-upscale full-service hotels in the southern United States. The Company operates through the hotel ownership segment.

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